Tony,
As no one answered your question about the 235, let me have a stab at it.
If you can find a 235 in the 1958 or 1959 year range, it is my understanding that they are about as good as it gets.
Gene, or someone else can attest to the merits of those engines over the 1954 to 1957 ones. Although the differences may be minor, still there are some.
If you are going to rebuild your 39 engine, I wish you were closer to me because I have a NOS 1939 crankshaft that you could have free of charge. To send it to you would be prohibitive owing th the high cost. It would cost $100 US to just send it to Arizona.
Good luck to you whatever your decision becomes. I would opt to stick a 235 in the car. BIG improvement.
Best,
Charlie
